who plans to buy in the next month ?

As with most on this forum, I am always looking but have not found very much in the last 2 years that deserves to be bought. Right now must be the worst time to buy. Rates should rise again in December and if rates continue to increase next year by about 2% then there will be some people who will have to sell and they will probably have fierce competition from other sellers. This will cause them to drop their price and that is when prices should start getting back to where they should be and I will be there to buy at that time.

Hi westan…

Nope, not looking to buy, mainly cos we’ve got our wedding on December 13th to pay for… after that, we’re going to do a little face lift to our place down the coast… sell it, pay out the mortgage on our PPOR which is worth around the 400-450k mark (bought the coast place for 170k three years ago, now worth 370-380k)… have about 50k left over after that and will probably invest that conservatively, get the LOC boosted and in position, then sit back, keep saving like a b@@tard, and wait for some gentle price falls… I’ll still have a quiet look around, but won’t be buying in a big hurry without lots of homework. Selling the coast place and losing the mortgage on the PPOR is about the same as one of us getting a 60k payrise if we maintained the status quo. We’ll be able to devote a minimum of about 55k per year to investing if we do this… ($1300 per week if we really want to have a crack)

We’re also going to start on the kids front in the next 18 months, so it’ll be lovely not having a mortgage to pay for…

Cheers
r

Still actively looking at a couple of areas and if the right place came up would buy. Hoping that some of the heat has come out of the market and that sellers will have more realistic ideas on prices. HG

Hi Westan,

Yeah, we’re still in!! – BUT CAUTIOUSLY….

We have put an offer on a house in a town called @@t%$^a. Did you get that [?][?]

Richmond,Your life sounds exciting…..Keep us informed on the wedding goss!!!

PS… Haven’t received our invite yet… Post slow?

Bye,[:X]

Del

Hi guys,

im buying next month actually, i have settlement for 2 properties tomorrow. Though many of you may have your reason not to buy, but i believe if you can still find a passive income property even at these high interest rates, then there should be no reason, to miss out on a great opportunity.

Though im not looking for any -ve geared properites at the moment, if i find a Hot Property, i will take the chances on it. (though this has to be a really hot property).

cheers

S.I.S

Hmmm, the postal service between Kilmore and Gippsland must be struggling again…

My partner and I recently purchased… of course it doesnt count as its our first home, not IP. It will howveer become an IP in 3-4 years when we move into a bigger place when we have kids, and rent this one out.

IMO, if you’re not going after capital growth, but want the rental income, who cares what the market is doing? Shrewd property investors will be in a very good position in the next few years as the exodus to the share market gains momentum.

Hopefully I’ll have saved up a bit of a deposit over the next year or so so I might buy then. Meanwhile I’m having too much fun in the stockmarket.

Josh

Props :o)

That’s 3 IP’s!! yay for me I know it’s only a few (more like a “petitfolio”) but it makes me very happy!

kay henry

PS Saw another post about henry kaye going down and couldn’t help but think it was me!

Josh,

Would you care to start a new topic under “General Investing”? Provided that we talk in general terms, we should not be locked out.

I would be keen to hear about the fun you are having in the stock market.

Kind regards, Phil